Fidelity Introduces FSOL Fund, Bringing Major Wall Street Name to Solana ETFs

Fidelity has launched the Fidelity Solana Fund (FSOL), its first staking-enabled crypto exchange-traded fund (ETF), marking a significant entry into the Solana ETF market. This launch positions Fidelity as one of the largest asset managers in a rapidly expanding segment that previously included only three spot products available in the U.S. The introduction comes at a time when investor interest in Solana investment products is increasing, driven by successful early offerings like Bitwise’s BSOL fund, which has attracted $450 million since its introduction. Fidelity has been developing its digital asset capabilities since 2014 and already includes products for bitcoin and ether. The FSOL ETF responds to a growing demand among investors seeking regulated access to the Solana ecosystem, especially as other firms like Canary Capital and VanEck also launch their Solana ETFs.

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